Paying for College

The Importance Of Student Loan Interest Rates

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When you take out a student loan, you have to pay it back with interest. Think of interest as the cost of borrowing money. As you’re applying for a student loan—either federal or private—you’ll come across an interest rate. In fact, the interest rate is one of the most important elements of a student loan. …

The Question-By-Question FAFSA Guide

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The Free Application for Federal Student Aid—or FAFSA—is a form that determines a student’s financial need level, and opens the opportunity for federal scholarships, grants, work study programs, and student loans. Though not strictly mandatory, the FAFSA is still a MUST for students in terms of paying for college. Whether your goal is to pay …

What Is A Federal Student Loan Interest Subsidy?

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When it is time to start repaying your federal student loans, if you are not earning enough to cover your monthly payments, you have the option of choosing an income-driven repayment plan. While researching these, you may have come across the term ‘federal student loan interest subsidy.’ Let’s dive into what that means. Income-Driven Repayment …

Why You Should Apply To Renewable Scholarships

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Ideally, you should apply to any and all scholarships that you qualify for, whether they are one-time or renewable. Winning any scholarship is cause for celebration – it’s free money to put towards college and reduces your overall student debt by the award amount. The Appeal of Renewable Scholarships What makes renewable scholarships particularly attractive …